Bli medlem
Bli medlem

Du är här

2015-04-14

SinterCast: Series production breaks two million Engine Equivalent milestone

* Series production reaches all-time high of 2.2 million Engine Equivalents
in March
* Increased contribution from petrol engines and commercial vehicles
* 18% year-on-year growth in first quarter series production

[Stockholm, 14 April 2015] -
Building on continued strong demand for passenger vehicle diesel engines,
increased ramp-up of passenger vehicle petrol engines, and continued growth
of commercial vehicle cylinder blocks and heads, SinterCast's annualised
series production surpassed the two million Engine Equivalent milestone in
March. Annualised series production for the month reached 2.2 million Engine
Equivalents, providing average annualised production of 2.0 million Engine
Equivalents for the first quarter. The increase represents 18% growth
compared to the first quarter of 2014, and provides an average compounded
annual growth rate of 18% since 2007. Sampling Cup shipments for the first
quarter reached 40,500 units, marking the second highest quarter for Sampling
Cup shipments in SinterCast's history.

"We have been hovering around the two million milestone, with five of the last
seven months reaching 1.9 million Engine Equivalents. Now, with the
accelerated ramp of the Ford 2.7 litre V6 petrol engine in North America and
the continued growth of European commercial vehicle programmes, we have
solidly cracked the two million barrier. Together with the three new
installations announced during the first quarter, the record series
production provides a strong start to 2015" said Dr. Steve Dawson,
President&CEO of SinterCast. "From the start of our first cylinder block
production in 1999, we needed eleven years to break the one million Engine
Equivalent barrier. Now, we have cracked the two million barrier in less
than five years, and our sights are set on three million."

For more information:

----------------------------------------
| Dr. Steve Dawson |
| President&CEO |
| SinterCast AB (publ) |
| Tel: +46 8 660 7750 |
| e-mail: steve.dawson@sintercast.com |
----------------------------------------
SinterCast
is the world's leading supplier of process control technology for the reliable
high volume production of Compacted Graphite Iron (CGI). With at least 75%
higher tensile strength, 45% higher stiffness and approximately double the
fatigue strength of conventional grey cast iron and aluminium, CGI allows
engine designers to improve performance, fuel economy and durability while
reducing engine size, weight, noise and emissions. With 42 installations in
12 countries, the SinterCast technology is primarily used for the production
of petrol and diesel engine cylinder blocks and exhaust components for
passenger vehicles; medium-duty and heavy-duty cylinder blocks and heads for
commercial vehicles; and, industrial power engine components for marine,
rail, off-road and stationary engine applications. SinterCast's series
production components range from 2 kg to 9 tonnes, all using the same proven
process control technology. The SinterCast share is quoted on the Small Cap
segment of the Stockholm NASDAQ OMX stock exchange (Stockholmsbörsen: SINT).
For more information:www.sintercast.com

END

Press Release PDF
http://hugin.info/1205/R/1910609/681577.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SinterCast via Globenewswire

HUG#1910609

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.